Crypto Bill of Rights Drafted to Accelerate U.S. Policy Thinking and Regulation Implementation for Bitcoin and Other Cryptocurrencies

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Cointime2024/12/24 12:33

By:Cointime

The Bitcoin Network was created in 2009, 15 years after the adoption of the U.S. Constitution. To mark Bitcoin's 16th anniversary, a Crypto Bill of Rights has been proposed to expedite U.S. policy and regulation in the crypto industry. The bill includes provisions for regulatory agencies, banking supervision, and the judicial branch to ensure financial stability and risk management. The U.S. regulators should establish market conduct standards for consumer and investor protection, while also promoting innovation and digitization in the financial services ecosystem. Additionally, measures should be taken to mitigate the risk of job loss due to digitization and clear guidelines for anti-money laundering, know your customer, and counter-terrorism finance in the crypto industry should be established.

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